Daily News

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Cabinet approves setting up of Rs 15,000 crore Animal Husbandry Infrastructure Development Fund

The Union Cabinet decided to set up Animal Husbandry Infrastructure Development Fund. The government will provide 4% interest subvention to eligible beneficiaries from the Aspirational Districts and 3% for beneficiaries from other Districts.

Did you Know

UM of Animal Husbandry, Dairying and Fisheries, Giriraj Singh.

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Indian Tri-Service Contingent marches in Moscow Victory-Day parade

Marking the 75th anniversary of the Soviet victory against Nazi Germany in World War II, as a tri-services contingent from the Indian Army, Indian Navy and Indian Air Force participated in a parade on Moscow’s Red Square.

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Defence Secretary of India- Dr Ajay Kumar.

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Cabinet approves participation of private sector in space activities

The Cabinet approved participation of the private sector in the entire range of space activities, including planetary exploration missions. These reforms will allow ISRO to focus more on research and development activities, new technologies, etc.

Did you Know

The Department of Space comes under the PMO.

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UP’s Kushinagar airport gets 'international' status

In a decision with an eye to boost tourism, the government decided to designate the Kushinagar airport in Uttar Pradesh as an international airport.Kushinagar is an important Buddhist pilgrimage site, where Gautama Buddha attained Mahaparinirvana.

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Union I&B Minister Prakash Javadekar.

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Facebook-Jio deal gets Competition Commission nod

The Competition Commission cleared Facebook's proposed acquisition of 9.99 per cent stake in Jio Platforms, the digital arm of Reliance Industries. The deal would bring together JioMart and Facebook's WhatsApp platform.

Did you Know

WhatsApp has over 400 million users in India.

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SEBI relaxes rules for listed companies with stressed assets

SEBI decided to relax pricing framework under the preferential route and exempted allottees of preferential issues from open offer obligations in such cases with immediate effect. It is meant to ease fundraising for companies with stressed assets.

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Ajay Tyagi- Chairman, SEBI.

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Union Cabinet Approves 2 Per Cent Interest Subvention On 'Shishu' MUDRA Loans For A Period Of 12 Months

In a relief for small businesses, the Cabinet approved a 2 per cent interest subvention for "Shishu'' loan borrowers under Pradhan Mantri Mudra Yojana for a period of 12 months.The scheme will incentivize people who will make regular repayments of loans.

Did you Know

Micro Units Development and Refinance Agency (MUDRA).

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Kerala Health Minister Joins UN Panel Talk On Covid On Public Service Day

KK Shailaja, the Health Minister of Kerala, was invited by the United Nations to participate in a panel discussion on World Public Service Day 2020, for her efforts to fight coronavirus in her state. 1st COVID-19 case was detected in Kerala on January 31.

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Pinarayi Vijayan, current Chief Minister of Kerala.

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Mastercard acquires Finicity; aims to advance open banking strategy

Mastercard has announced plans to buy Finicity, a North American provider of real-time access to financial data and insights, for a purchase price of US$825 million. Mastercard said the transaction would close by end of 2020, subject to regulatory reviews.

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CEO and co-founder of Finicity, Steve Smith.

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India's one of the largest 1st Virtual Healthcare & Hygiene EXPO 2020 inaugurated

Minister of State for Shipping (Independent charge) and Chemicals & Fertilisers Mansukh Mandaviya inaugurated India's one the largest 1st Virtual Healthcare & Hygiene EXPO 2020 . The Expo has been organised by FICCI.

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Federation of Indian Chambers of Commerce and Industry(FICCI).

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Wasim Jaffer appointed head coach of Uttarakhand

Former India Test opener Wasim Jaffer has been appointed as the head coach of Uttarakhand cricket team for the forthcoming domestic season.In 2018, Uttarakhand played the Ranji Trophy for the first time with K. Bhaskar Pillai as its coach.

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Unmukt Chand captain of Uttarakhand cricket team.

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MSME Minister Nitin Gadkari launches CGSSD

MSME, Minister Nitin Gadkari launched the Credit Guarantee Scheme for Sub-ordinate Debt, CGSSD.Under the scheme, Promoters of the MSMEs will be given credit equal to 15 percent of their stake or 75 lakh rupees whichever is lower.

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There will be a moratorium of 7 years on payment of principal.